COMMUNIQUÉ - FSC’s statement on US SEC Indictment of Mr. Gautam Adani and Others
25/11/2024
The U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) have recently indicted Gautam Adani, the founder and chairman of the Adani Group, along with several other senior executives.
The indictment also references a company incorporated in Mauritius, highlighting the international scope of the alleged activities.
COMMUNIQUÉ - FSC’s statement on US SEC Indictment of Mr. Gautam Adani and Others
The Financial Services Commission, Mauritius (“FSC Mauritius”) has taken cognisance of the Indictment dated 20 November 2024, issued by The U.S. Securities and Exchange Commission (US SEC) and the US Department of Justice against Mr Gautam.
Adani, founder and chairman of the Adani Group, whereby reference has been made to a company incorporated in Mauritius.
The FSC Mauritius wishes to highlight that Mauritius has a robust framework for global business companies, and all global business companies licensed by the FSC Mauritius are strictly monitored. Moreover, the FSC Mauritius complies with international best.
practices with respect to AML/CFT framework.
As part of its international commitments, the FSC Mauritius collaborates regularly with foreign authorities, including those in the US and India.
The FSC Mauritius is monitoring the matter closely and will take any action deemed appropriate in the discharge of its regulatory functions.
23 November 202
READ HERE
https://www.fscmauritius.org/media/194586/communique-adani-23-nov-2024.pdf
Source:
(1) Eastern District of New York - United States Department of Justice. https://www.justice.gov/usao-edny/pr/billionaire-chairman-conglomerate-and-seven-other-senior-business-executives-indicted.
(2) COMMUNIQUÉ - fscmauritius.org. https://www.fscmauritius.org/media/194587/communique-adani-23-nov-2024.pdf.
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